Jun 17, 2020 · Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1 billion), equating to SAR 123.39 price per share.

As the new majority shareholder of SABIC, Aramco has the ability to elect the majority of SABIC’s directors. The SABIC board will ensure strategic alignment, and oversee further creation of value for SABIC and all of its shareholders as SABIC becomes an important member of …

Mar 27, 2019 · Saudi Aramco today announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a private transaction for SAR 259.125 billion (or SAR 123.39 per share), which is equivalent to USD $69.1 billion.

In collaboration with Saudi Aramco, SABIC will be the Chemicals growth platform of Saudi Aramco, which reinforces SABIC’s strategy to become the world leader in chemicals. SABIC’s strategy will support Saudi Aramco’s strategy and the Kingdom’s 2030 vision.

Apr 29, 2021 · Aramco and SABIC today announce their intention to transfer the marketing and sales responsibility for a number of Aramco petrochemicals and polymers products to SABIC, and the offtake and resale responsibility of a number of …

Jun 17, 2020 · Saudi Aramco <2222.SE> has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries <2010.SE> for $69.1 billion and extended the payment period by three years to...

Dhahran, June 17, 2020, SPA -- Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1 billion), equating to SA...

Jun 17, 2020 · Saudi Aramco bought a 70% stake in Saudi Basic Industries Corp (SABIC) on June 16 from the Public Investment Fund (PIF), for a total price of SAR 259.

Jun 14, 2020 · State-owned Saudi Aramco <2222.SE> bought 2.1 billion shares of Saudi Basic Industries (SABIC) <2010.SE> on the stock market on Sunday as it completed its deal agreed last year to buy 70%...

Jun 17, 2020 · Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1 billion), equating to SAR 123.39 price per share.